The number of properties sold to foreigners in Turkey rose significantly in November, as shown on recently released sales data.
Property sales across the country rose for the quarter ending September 2017, with a staggering increase on average of just over 25% per month.
The number of properties sold to foreigners, also surged 21.4% year-on-year basis in November; as more foreign property buyers continued to invest in the New Turkey.
Following Istanbul, Antalya's real estate services (a holiday resort area) came second with 491 properties, while province of Bursa ranked third with 142 houses for sale.
The property figures also showed Iraqi citizens topped the list of buyers with 405 properties, followed by Saudis with 239 units, Kuwaitis with 151 units, Russians with 135 units a whole array of other foreign investors from Europe, UK, Far East, Arab States and the USA represented the balance of sales.
Almost 2,000 units a month throughout the year just to overseas investors.
Istanbul is leading the way due to the substantial increases in annual capital growth and the evolution of the rental market which still shows a significant increase year on year with much higher yields returns than most European Cities. The importance of landlord protection against defaulting tenants is very significant for foreign investors.
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